Evergreen Capital Management LLC Purchases 147 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Evergreen Capital Management LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,080 shares of the insurance provider’s stock after purchasing an additional 147 shares during the quarter. Evergreen Capital Management LLC’s holdings in Travelers Companies were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $1,973,000. Cetera Investment Advisers increased its stake in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares in the last quarter. Wellington Management Group LLP raised its holdings in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after buying an additional 140,622 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays initiated coverage on Travelers Companies in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price on the stock. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $236.10 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The stock has a 50 day moving average of $222.65 and a 200-day moving average of $217.94. The company has a market capitalization of $54.07 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.